Behavioural Economics

Entry requirements

At least an upper second class degree in Psychology, Economics or a related discipline (or equivalent in terms of professional qualifications). An equivalent qualification from an overseas university is acceptable. Selection is by application form, personal statement and references. It is not a prerequisite to have a background in Economics or Psychology.

International Equivalences
If you are applying with an overseas degree, the following is an indication of international equivalents of an upper second class degree from a UK institution. Please note these figures are intended as a guide only and individual applications will be assessed on a case by case basis.

China: Bachelor degree (Xueshi) in a suitable subject with an overall grade of 75 – 85% (depending on the standing of the awarding institution)
USA: Bachelor degree in a suitable subject with CGPA 3.2
India: Bachelor degree in a suitable subject with CGPA 6.5 / overall 65% / 1st Division classification
Turkey: Lisans Diplomasi or a Műhendis Diplomasi with a minimum CGPA 3.0 or 65%
Italy: Diploma di Laurea in a suitable subject with a minimum score of 104."

Months of entry

September

Course content

The course is suitable for recent graduates in economics, psychology and related social science or quantitative disciplines who are looking to develop a career in the fast-paced world of behavioural economics, either in the public or private sector.

As the course is offered in full-time and part-time modes, it is also suited to professionals who want to enhance their theoretical knowledge and practical skills and would benefit from an academic environment.

Behavioural economics applies psychological insights into human behaviour to investigate how people make economic decisions under various conditions of constraint (e.g. time and knowledge) and influence (e.g. social pressure). This is an important field in modern economics, and the social sciences more generally.

Commercial organisations have long known the limitations of individual decision making and they routinely use this knowledge in their commercial practices (e.g. anchoring effect of minimum payment on credit cards). The practical implications of behavioural economics are varied and significant, and acknowledged to provide a powerful and cost-effective approach to improving human welfare.

The Behavioural Economics MSc will develop your skills and knowledge to prepare you for a wide variety of roles in the private or public sector that require a solid understanding of human behaviour.

Fees and funding